Raffles Family Office Backs Hong Kong Budget Family Office Tax Push

Raffles Family Office welcomed Hong Kong’s 2026-27 Budget, saying proposed enhancements to the family office tax regime would help cement the city’s position as a global wealth hub, while urging policies to cover both single- and multi-family offices in tandem, Group CEO Chi Man Kwan said.

He pointed to a government-backed market study showing Hong Kong had more than 3,380 single-family offices by end-2025, up over 25% in two years.

The budget includes plans to legislate this year to enhance tax concessions for family offices and funds and to establish licensing regimes for digital-asset dealing and custodian service providers, measures Kwan said could boost investor confidence as demand for digital assets rises under the Hong Kong family office tax push.